Corpay (NYSE:CPAY) Upgraded by Wall Street Zen to Buy Rating

Wall Street Zen upgraded shares of Corpay (NYSE:CPAY) from a hold rating to a buy rating in a report released on Sunday morning,Wall Street Zen reports.

Several other equities analysts have also recently commented on CPAY. Morgan Stanley set a $455.00 target price on shares of Corpay in a research report on Friday, August 7th. Raymond James Financial reissued an “outperform” rating and issued a $442.00 price objective on shares of Corpay in a research note on Thursday, August 6th. Weiss Ratings restated a “buy (b-)” rating on shares of Corpay in a research report on Friday, July 24th. Wolfe Research upped their target price on Corpay from $475.00 to $530.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 25th. Finally, Loop Capital initiated coverage on Corpay in a report on Monday, May 18th. They issued a “buy” rating and a $406.00 target price on the stock. Twelve equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Corpay presently has a consensus rating of “Moderate Buy” and an average price target of $438.93.

Corpay Stock Performance

CPAY opened at $416.09 on Friday. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.97 and a current ratio of 0.97. Corpay has a 52-week low of $252.84 and a 52-week high of $427.46. The firm has a market cap of $27.32 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.14 and a beta of 0.87. The business’s fifty day moving average is $386.15 and its 200-day moving average is $349.20.

Corpay (NYSE:CPAY) last posted its quarterly earnings results on Wednesday, August 5th. The corporate payments company reported $7.00 EPS for the quarter, beating analysts’ consensus estimates of $6.58 by $0.42. The business had revenue of $1.34 billion during the quarter, compared to the consensus estimate of $1.30 billion. Corpay had a return on equity of 42.18% and a net margin of 22.72%.Corpay’s revenue for the quarter was up 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $5.13 earnings per share. Corpay has set its Q3 2026 guidance at 7.050-7.250 EPS and its FY 2026 guidance at 27.150-27.550 EPS. Sell-side analysts expect that Corpay will post 25.75 EPS for the current fiscal year.

Insider Activity

In other Corpay news, CEO Ronald Clarke sold 119,486 shares of the firm’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $412.40, for a total value of $49,276,026.40. Following the sale, the chief executive officer owned 2,354,330 shares in the company, valued at $970,925,692. This trade represents a 4.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Armando Netto sold 70,476 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $352.13, for a total transaction of $24,816,713.88. Following the sale, the insider directly owned 11,274 shares in the company, valued at approximately $3,969,913.62. The trade was a 86.21% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 291,336 shares of company stock worth $116,212,228. Corporate insiders own 5.19% of the company’s stock.

Institutional Investors Weigh In On Corpay

Several hedge funds have recently modified their holdings of the company. California State Teachers Retirement System grew its holdings in Corpay by 36,046.6% during the 2nd quarter. California State Teachers Retirement System now owns 30,244,919 shares of the corporate payments company’s stock worth $10,079,724,000 after acquiring an additional 30,161,246 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its stake in shares of Corpay by 168,603.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,489,655 shares of the corporate payments company’s stock valued at $448,282,000 after acquiring an additional 1,488,772 shares during the last quarter. Norges Bank acquired a new position in shares of Corpay during the fourth quarter worth $266,190,000. Orbis Allan Gray Ltd lifted its holdings in shares of Corpay by 20.8% during the fourth quarter. Orbis Allan Gray Ltd now owns 4,987,968 shares of the corporate payments company’s stock worth $1,501,029,000 after purchasing an additional 859,854 shares during the period. Finally, Spruce House Investment Management LLC grew its stake in shares of Corpay by 95.3% in the fourth quarter. Spruce House Investment Management LLC now owns 830,000 shares of the corporate payments company’s stock worth $249,772,000 after purchasing an additional 405,000 shares during the last quarter. Institutional investors and hedge funds own 98.84% of the company’s stock.

Corpay Company Profile

Corpay is a global corporate payments company that provides businesses with a range of payment and expense management solutions. Its services are designed to help organizations manage payables, card programs, travel and fleet-related expenses, and cross-border transactions more efficiently.

The company serves customers across a variety of industries and geographies, offering software and payment tools that streamline accounts payable, vendor payments, and workforce payments. Corpay also provides specialized solutions for fleet management and international payments, helping businesses control costs and simplify financial operations.

Corpay operates as part of the broader financial technology and payment processing sector.